This International Trade course is designed to provide the learners, and those operating within International Trade, an opportunity to broaden their understanding of global trade issues, and to gain a clear understanding of the processes and practicalities of International Trade.
Duration: 8 Weeks
Award: Cavendish’s’ Certificate
This import and export course is suitable for all those involved in international business. It is also appropriate for corporate service providers such as banks, forwarders, accountants, and international trade advisers.
1- Types of Economic Integration and Trade Agreements
These blocs offer special concessions to members of the group but impose restrictions on the imports from the non-member countries.
Free Trade Area
WTO and GATT
2- International Marketing
International Marketing presents a more complex task than domestic marketing because of the uncontrollable international marketing environment and their heterogeneity. Hence, making international marketing decision is generally more challenging.
International marketing decision
Market Selection Decision
Entry and Operating Decisions
Marketing Mix Decision
3- Documents & Procedures
The role of Customs
Sources of useful information
The International Sales Contract
The Export Order
Delivery Terms (INCOTERMS® 2010)
The Export Invoice
Origin and Preference
4- Payments & Finance
Documentary Letters of Credit
Documentary Collections & Bills of Exchange
Financing export transactions
Foreign Exchange Risk Management
Managing the risks – hedging techniques
5- Shipping and Documentation
The roles of the main third parties involved in international trade i.e., carriers, forwarders, Customs, banks, insurers etc.
Methods of international transport
Cost elements in a DDP
Functions of Bills of Lading, Waybills, and Certificates of Shipment
Role of Customs regarding export and import declarations